Abbreviated Company Accounts - ALPHA CASH & CARRY LIMITED

Abbreviated Company Accounts - ALPHA CASH & CARRY LIMITED

ALPHA CASH & CARRY LIMITED - Company Information

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Registered Number 07863795

ALPHA CASH & CARRY LIMITED

Abbreviated Accounts

30 November 2015

ALPHA CASH & CARRY LIMITED Registered Number 07863795

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 9,200 9,400
Tangible assets 3 10,327 12,630
19,527 22,030
Current assets
Stocks 303,419 291,447
Debtors 198,451 189,541
Cash at bank and in hand 75,118 23,423
576,988 504,411
Prepayments and accrued income 8,689 8,273
Creditors: amounts falling due within one year (423,998) (408,774)
Net current assets (liabilities) 161,679 103,910
Total assets less current liabilities 181,206 125,940
Total net assets (liabilities) 181,206 125,940
Capital and reserves
Called up share capital 100 100
Profit and loss account 181,106 125,840
Shareholders' funds 181,206 125,940
  • For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 August 2016

And signed on their behalf by:
Mr. Akhtar Mahmood Yousef, Director

ALPHA CASH & CARRY LIMITED Registered Number 07863795

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Fixtures and Equipment 15% Reducing balance
Motor Vehicles 25% Reducing Balance

Intangible assets amortisation policy
Acquired good will is written off in equal annual instalments over its estimated useful economic life of 50 Years.

Valuation information and policy
stock is valued at the lower of cost and net realisable value.

Other accounting policies
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the U.K

2Intangible fixed assets
£
Cost
At 1 December 2014 10,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2015 10,000
Amortisation
At 1 December 2014 600
Charge for the year 200
On disposals -
At 30 November 2015 800
Net book values
At 30 November 2015 9,200
At 30 November 2014 9,400
3Tangible fixed assets
£
Cost
At 1 December 2014 22,463
Additions 83
Disposals -
Revaluations -
Transfers -
At 30 November 2015 22,546
Depreciation
At 1 December 2014 9,833
Charge for the year 2,386
On disposals -
At 30 November 2015 12,219
Net book values
At 30 November 2015 10,327
At 30 November 2014 12,630

4Transactions with directors

Name of director receiving advance or credit: Mr. Akhtar Mahmood Yousef
Description of the transaction: Director's Loan
Balance at 1 December 2014: £ 83,991
Advances or credits made: -
Advances or credits repaid: £ 7,500
Balance at 30 November 2015: £ 76,491
Name of director receiving advance or credit: Mr. Amjad Mahmood
Description of the transaction: Director's loan
Balance at 1 December 2014: £ 83,991
Advances or credits made: -
Advances or credits repaid: £ 7,500
Balance at 30 November 2015: £ 76,491